Medium Voltage Electric Capacitor Market Size - By Material (Film capacitors, Ceramic capacitors, Electrolytic capacitors), By Polarization, By End Use, Growth Forecast 2024 – 2032

Medium Voltage Electric Capacitor Market Size

Medium Voltage Electric Capacitor Market was valued at USD 7.1 billion in 2023 and is set to grow at a CAGR of 7% from 2024 to 2032. Increasing demand for power quality improvement along with expansion of electrical infrastructure is fuelling the product demand across the globe. Medium voltage electric capacitors are essential in enhancing power factor correction and voltage regulation, reducing losses, and mitigating voltage drops. This demand is driven by the need to improve the efficiency and reliability of electrical systems, especially in sectors such as manufacturing, data centres, and utilities, which require stable and high-quality power for optimal performance.
 

The surge in consumer electronics demand, combined with the rapid growth of the automotive sector and the rise in electric vehicle (EV) adoption, is enhancing the market landscape. For instance, in June 2024, the National Renewable Energy Laboratory (NREL) introduced the EVI-X Modeling Suite of EV Charging Infrastructure Analysis Tools. This comprehensive suite is designed to support the deployment of efficient and cost-effective EV charging infrastructure. Its goal is to accelerate electric vehicle adoption by addressing and overcoming potential barriers to the development of EV charging networks.
 

Medium Voltage Electric Capacitor Market Trends

Ongoing advancements in capacitor technology, including improvements in materials and design, are enhancing the performance and longevity of medium voltage capacitors. Innovations such as higher capacitance values, improved dielectric materials, and advanced manufacturing techniques are making these capacitors more efficient and reliable. These technological developments are driving market growth by providing solutions that meet the evolving needs of modern electrical systems and infrastructure.
 

In addition, the integration of renewable energy sources such as wind and solar power introduces variability in power generation, which can affect grid stability. Medium voltage capacitors help manage these fluctuations by providing reactive power support and stabilizing voltage levels. As the adoption of renewable energy grows, so does the need for capacitors to ensure reliable and efficient grid operation.
 

Medium Voltage Electric Capacitor Market Analysis

Based on material, the ceramic capacitor will exceed over USD 5.3 billion by 2032. Advances in dielectric materials and electrolytes, coupled with improved manufacturing techniques, are resulting in capacitors with higher capacitance, enhanced temperature stability, and extended operational lifespans.
 

Based on end use, the consumer electronics market is expected to register over 7.5% CAGR through 2032. The growing demand for consumer electronics drives the market for medium voltage electric capacitors by enhancing power quality and stability in electronic devices. Capacitors support efficient power delivery, minimize signal interference, and ensure reliable operation, accommodating the increasing complexity and performance requirements of modern consumer electronics.
 

Asia Pacific medium voltage electric capacitor market is predicted to hit USD 4.2 billion by 2032, due to its substantial electronics manufacturing base, especially in China, Japan, and South Korea. Additionally, significant advancements in the automotive and industrial sectors are enhancing the market environment. Furthermore, regulations on electronic waste and hazardous materials are impacting the production and disposal of capacitors in countries like Japan, Australia, and South Korea, where manufacturers are increasingly focusing on developing environmentally friendly products.
 

The U.S. market is driven by technological advancements, high demand for consumer electronics, and robust automotive and industrial sectors. In addition, rapid technological changes will make existing products obsolete, necessitating continuous innovation and adaptation.
 

Medium Voltage Electric Capacitor Market Share

Companies including ABB, Siemens, Schneider Electric, Panasonic Corporation Murata Manufacturing Co., Ltd. Are among the key operating players in the market. Leading market players have consistently prioritized developing high-quality capacitors with maximum capacitance.
 

Medium Voltage Electric Capacitor Market Companies

Major key players operating across the medium voltage electric capacitor industry are:

• ABB
• Cornell Dubilier
• ELNA CO., LTD.
• Havells India Ltd.
• KEMET Corporation
• KYOCERA AVX Components Corporation
• Murata Manufacturing Co., Ltd.
• Panasonic Corporation
• SAMSUNG ELECTRO-MECHANICS
• Schneider Electric
• Siemens
• TAIYO YUDEN CO., LTD.
• TDK Corporation
• Vishay Intertechnology, Inc.
• WIMA GmbH & Co. KG
• Xuansn Capacitor
   

Medium Voltage Electric Capacitor Industry News

• In March 2024, Schneider Electric decided to invest around USD 140 million to expand its manufacturing capabilities in the U.S. to assists critical infrastructure, industries, and data center demand. This investment will increase the production of electric capacitors, thereby spurring growth to the market.
   
• In April 2024, TDK Corporation introduced the new EPCOS B43659 series of snap-in aluminum electrolytic capacitors. These next-generation, ultra-compact general-purpose components are designed for 450 V (DC) applications and feature a high CV product. The launch of the new product will further strengthen the company’s market positioning, thereby contributing to the overall market growth.
   

This medium voltage electric capacitor market research report includes in-depth coverage of the industry with estimates & forecast in terms of ‘Thousand Units & ‘USD Billion’ from 2024 to 2032, for the following segments:

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Market, By Material

• Film capacitors
• Ceramic capacitors
• Electrolytic capacitors
• Others

Market, By Polarization

• Polarized
• Non-Polarized

Market, By End Use

• Consumer Electronics
• Automotive
• Communications & Technology
• Transmission & Distribution
• Others

The above information has been provided for the following regions and countries:

• North America 
  • U.S.
  • Canada
  • Mexico 
• Europe
  • UK
  • France
  • Germany
  • Italy
  • Austria 
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa 
• Latin America
  • Brazil
  • Argentina